$MEME CLAWING BACK AFTER STEEP DROP – IS THIS A DEAD CAT BOUNCE?
$MEME is trading at 0.002492, staging a minor recovery after sliding nearly -13% on the day. With 15.324M in trading volume, buyers are attempting to lift price from intraday lows, but seller dominance (63.82%) still looms large in the order book.
Key Support & Resistance Levels:
• Resistance:
• 0.002525 – Immediate rejection zone
• 0.002550 – Next resistance for breakout extension
• Support:
• 0.002450 – Local support level
• 0.002364 – 24h low and key downside invalidation
Trade Setup – High-Risk Meme Rebound Play:
• Entry Zone: 0.002475 – 0.002490
• TP1: 0.002525
• TP2: 0.002550
• Stop-Loss: Below 0.002450
MEME has bounced from support, but with heavy selling pressure still in play, caution is warranted. Bulls must reclaim and hold above 0.002525 to shift momentum upward. Watch for volume confirmation before committing further.